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Whyte could 'walk with nothing'

Owner claims he is willing to do what is best for Rangers

Last Updated: April 2, 2012 6:28pm

Craig Whyte: Claims he would be willing to walk away from Rangers with nothing

Rangers owner Craig Whyte claims he will gladly walk away from Ibrox 'with nothing' if it serves the administration-hit club's best interests.

The Motherwell-born businessman bought out Sir David Murray's85.3% shareholding last May for £1, but the initial feel-good factor disappeared in February when the club entered administration over alleged non-payment of £9million in PAYE and VAT taxes, accrued following Whyte's takeover.

Since then there has been much turmoil in Govan not least when it emerged that Whyte was able to fund his takeover by selling future season tickets to Ticketus, a partnership which ultimately raked in £30.5million and which left the investment firm a key player as administrators Duff and Phelps search for new owners.

Deadline

Blue Knights, headed by former Rangers director Paul Murray, American investors Club 9 Sports and a Singapore-based group are all expected to make formal bids for the club by Wednesday, the deadline set by the administrators before they choose a preferred bidder.

Whyte is bemused at being described by the administrators last month as 'absolutely irrelevant' to their efforts to sell the club but is willing to smooth the way for his successor or successors, in the right circumstances.

"They can describe me this way if they like, but I would disagree with it," he said. "I am still the owner.

"But I am willing to walk away if it is for the good of the club. I wouldn't make anything out of it.

"I have £30 million in cash and guarantees on the line but I would walk away if it is best for Rangers.

"I have been in touch with a couple of bidders. If I can help any of them I will."

Whyte has little time for Murray but it is unlikely that he would try to prevent the Blue Knights being nominated as the preferred bidder.

No problem

"We have never seen eye to eye," said Whyte, who is in regular contact with the administrators.

"I haven't spoken to him since last May. He is one of the old board. I don't see what he brings to the party.

"But there are some good guys in the Blue Knights and I've spoken to a couple of them, and I have no problem with them.

"People will put their bids in by Wednesday and we will see what happens.

Now Fuck off then.

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Whyte could 'walk with nothing'

Owner claims he is willing to do what is best for Rangers

Last Updated: April 2, 2012 6:28pm

Craig Whyte: Claims he would be willing to walk away from Rangers with nothing

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Rangers owner Craig Whyte claims he will gladly walk away from Ibrox 'with nothing' if it serves the administration-hit club's best interests.

The Motherwell-born businessman bought out Sir David Murray's85.3% shareholding last May for £1, but the initial feel-good factor disappeared in February when the club entered administration over alleged non-payment of £9million in PAYE and VAT taxes, accrued following Whyte's takeover.

Since then there has been much turmoil in Govan not least when it emerged that Whyte was able to fund his takeover by selling future season tickets to Ticketus, a partnership which ultimately raked in £30.5million and which left the investment firm a key player as administrators Duff and Phelps search for new owners.

Deadline

Blue Knights, headed by former Rangers director Paul Murray, American investors Club 9 Sports and a Singapore-based group are all expected to make formal bids for the club by Wednesday, the deadline set by the administrators before they choose a preferred bidder.

Whyte is bemused at being described by the administrators last month as 'absolutely irrelevant' to their efforts to sell the club but is willing to smooth the way for his successor or successors, in the right circumstances.

"They can describe me this way if they like, but I would disagree with it," he said. "I am still the owner.

"But I am willing to walk away if it is for the good of the club. I wouldn't make anything out of it.

"I have £30 million in cash and guarantees on the line but I would walk away if it is best for Rangers.

"I have been in touch with a couple of bidders. If I can help any of them I will."

Whyte has little time for Murray but it is unlikely that he would try to prevent the Blue Knights being nominated as the preferred bidder.

No problem

"We have never seen eye to eye," said Whyte, who is in regular contact with the administrators.

"I haven't spoken to him since last May. He is one of the old board. I don't see what he brings to the party.

"But there are some good guys in the Blue Knights and I've spoken to a couple of them, and I have no problem with them.

"People will put their bids in by Wednesday and we will see what happens.

Now Fuck off then.

What is a good guy to Craig Whyte? Another shady cunt?

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The Sporting Life version has him opposing liquidation:

WHYTE: I MAY WALK AWAY WITH NOTHING

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Craig Whyte claims he will gladly walk away from Rangers "with nothing" if it is in the best interests of the club.

The Motherwell-born businessman bought out Sir David Murray's 85.3% shareholding last May for £1, but the initial feelgood factor disappeared in February when the club entered administration over alleged non-payment of £9million in PAYE and VAT taxes, accrued following Whyte's takeover.

Since then there has been much turmoil in Govan not least when it emerged that Whyte was able to fund his takeover by selling future season tickets to Ticketus, a partnership which ultimately raked in £30.5million and which left the the investment firm a key player as administrators Duff and Phelps search for new owners.

Blue Knights, headed by former Rangers director Paul Murray, American investors Club 9 Sports and a Singapore-based group are all expected to make formal bids for the club by Wednesday, the deadline set by the administrators before they choose a preferred bidder.

Whyte is bemused at being described by the administrators last month as "absolutely irrelevant" to their efforts to sell the club but is willing to smooth the way for his successor or successors, in the right circumstances.

"They can describe me this way if they like, but I would disagree with it," said Whyte. "I am still the owner.

"But I am willing to walk away if it is for the good of the club. I wouldn't make anything out of it.

"I have £30 million in cash and guarantees on the line but I would walk away if it is best for Rangers.

"I have been in touch with a couple of bidders. If I can help any of them I will."

Whyte, though, has little time for Murray but it is unlikely that he would try to prevent the Blue Knights being nominated as the preferred bidder.

"We have never seen eye to eye," said Whyte, who is in regular contact with the administrators.

"I haven't spoken to him since last May. He is one of the old board. I don't see what he brings to the party.

"But there are some good guys in the Blue Knights and I've spoken to a couple of them, and I have no problem with them.

"People will put their bids in by Wednesday and we will see what happens."

Regardless of who eventually gains control of the Govan club, its future remains uncertain.

Joint-administrator Paul Clark warned over the weekend that "it is certainly possible Rangers would be liquidated" when new owners take charge.[Notice the out of context quote, framed in such a way as to have the most dramatic effect. ]

Whyte is adamant that liquidation would be the wrong outcome.

He said: "I do not favour liquidation at all, it is not necessary.

"I want to exit administration with a CVA (company voluntary arrangement). There is no reason whatsoever that that can't happen.

"Liquidation is no good for Rangers, it will end 140 years of history

"I can understand why some people might think it is a good idea but we have to keep Rangers alive.

"And there is absolutely no reason why a CVA can't happen."

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he doesnt say he would walk away with nothing what he says is

""But I am willing to walk away if it is for the good of the club. I wouldn't make anything out of it."

he'll be wanting his quid back and no loans/deals/liabilities etc tied to him

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Hope he has slipped up and lands himself in clink and loses his money for this little performance at rangers, would serve him right. Also where's rangers money gone, has gone all quiet on that front, wasn't there supposed to be a report either now or very soon as to the money situation. Think it was six weeks they said, must be that by now feels like months.

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Walk away with nothing except the 6 million left over from the ticketus deal, the jelavic money and 9 million worth of PAYE stolen from the club about 21 million or so, not a bad return for £1, fucking horrible little CUNT go and die in a fire!

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he doesnt say he would walk away with nothing what he says is

""But I am willing to walk away if it is for the good of the club. I wouldn't make anything out of it."

he'll be wanting his quid back and no loans/deals/liabilities etc tied to him

we should give him his quid in 1p's. make him have to count it all to be sure he wasnt screwed.

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